Chainlink LINK Surges 30% on Wallet Growth and Institutional Demand

Chainlink’s native token, LINK, surged to a 7-month high of $26.51 in mid-August 2025 before easing slightly to $24.72. The token has gained 30% over the past month, supported by a surge in wallet activity, which hit a 2025 record with over 9,800 addresses making transfers and 9,600 new wallets created in a two-day span [1]. These on-chain metrics indicate strong organic growth and renewed institutional and retail demand.

Despite this recent rally, LINK remains over 50% below its all-time high of $52.70 from 2021. However, a combination of infrastructure developments and growing adoption has bolstered the token’s fundamentals. Notably, the launch of the Chainlink Reserve in early August introduced a deflationary mechanism by locking away over 100,000 tokens from enterprise integrations [1]. This move has put downward pressure on the circulating supply, supporting long-term value retention.

Strategic partnerships have also played a key role in driving momentum. In mid-August, Chainlink announced a collaboration with Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, to integrate precious metals and foreign exchange data into Chainlink’s Data Streams [1]. This marks another step in bridging traditional finance with blockchain, following prior integrations with the DTCC and SWIFT. Chainlink is now securing over $90 billion in total value across protocols, reinforcing its position in decentralized finance and real-world asset tokenization.

Regulatory developments have also contributed to a more favorable environment. The July enactment of the GENIUS Act, which recognized oracles as critical infrastructure, and Chainlink’s role in SEC guidance, have enhanced investor confidence [1]. These moves are seen as pivotal in legitimizing the project’s role in the broader financial ecosystem.

From a technical perspective, LINK remains in a bullish trend. The majority of moving averages from 10-day to 200-day support the upward trajectory, with momentum indicators like the RSI at 64 and Stochastic at 87 signaling the token is nearing overbought territory [1]. Resistance is expected in the $27.50–$28.00 range, with $30 seen as a major psychological level. Strong support is identified near $21.00, with initial support at $22.50 [1].

Analysts note that if the current trend continues and on-chain metrics remain robust, LINK could see a push toward $30 in the near term [5]. Whale activity has also been significant, with a reported $21 million purchase of LINK reinforcing bullish sentiment [3]. While the token’s recent performance remains in the $24.72–$26.51 range, the combination of network growth, institutional backing, and favorable on-chain data suggests a potential for further upward movement.

Longer-term forecasts remain speculative. Bitget projects a 48% increase in the price of LINK by the end of 2031, reaching $63.15 with a cumulative return of 143.17% [6]. However, these projections are based on future expectations and should not be taken as immediate market indicators.

The current rally underscores Chainlink’s role as a foundational player in the evolving blockchain infrastructure landscape. Whether it can sustain this momentum and reach the $30 level remains to be seen, but the recent trajectory highlights renewed market attention and optimism.

Sources:

[1] Crypto — [https://crypto.news/chainlink-link-price-surges-wallet-growth-2025/](https://crypto.news/chainlink-link-price-surges-wallet-growth-2025/)

[2] Cryptomus — [https://cryptomus.com/blog/chainlink-price-prediction-news?srsltid=AfmBOoo5GboRujfBuwMEk-nL18d4lBunO_srjLJW-o0QLWH6FmRKDSzA](https://cryptomus.com/blog/chainlink-price-prediction-news?srsltid=AfmBOoo5GboRujfBuwMEk-nL18d4lBunO_srjLJW-o0QLWH6FmRKDSzA)

[3] XT.com — [https://www.xt.com/en/blog/community-news/2025-08-18T12:51:06.000Z](https://www.xt.com/en/blog/community-news/2025-08-18T12:51:06.000Z)

[5] Bitget — [https://www.bitget.com/price/altcoin-season-index](https://www.bitget.com/price/altcoin-season-index)

[6] Bitget — [https://www.bitget.com/price/chainlink](https://www.bitget.com/price/chainlink)